ZMATR

What are wallets?
Wallets refers to digital wallets or virtual wallets, where your cryptocurrencies are stored, be it Bitcoin, Ether, Ripple, Dogecoin, etc.
A piece of software or hardware that allows you to send or receive payments through the blockchain network of each cryptocurrency.

There are two types of Wallets:

Hot wallet : 100% online. (Software) These wallets can be applications or installed as browser extensions.

Cold wallet : physical (hardware). They allow cryptocurrencies to be stored. They work without an Internet connection, which makes them the safest option and unhackable.

-Advantages of a Hardware Wallet:
Easy, simple and intuitive to access.
Useful if you need to send or receive cryptocurrencies every day.
Secure if you are not connected to the internet, as you would be exposed to the network.
Control your private key.

-Disadvantages of a Hardware Wallet :
Insecure if the computer is connected to the internet.
If the computer (hard drive) crashes and does not back up the wallet...the money cannot be recovered.

Wallets are the simplest and safest way to make use of cryptocurrencies and were created to facilitate the process and better manage our coins.

Hoy vamos a hablar de la Psicología del trading o Psicotrading que significan lo mismo.
El CICLO DE LAS EMOCIONES DEL TRADING

Los puntos más importantes de las emociones del mercado financiero son:

*Optimismo
Comienza con una actitud positiva sobre la situación del mercado, lo que lleva al comerciante o trader a abrir una operación. El comerciante espera tener éxito en el futuro.

*Euforia

Es el punto de máximo riesgo financiero. Las inversiones se convierten en beneficios rápidos y sencillos. El comerciante ignora por completo el riesgo.

*Ansiedad
¡Oh, no! ¡El mercado está cambiando! Aparecen los primeros signos de movimiento no a favor del comerciante. Pero él no se da cuenta de esto y cree que el mercado se recuperará y la tendencia continuará.

*Negación
La esperada recuperación del mercado no se produjo. El comerciante no acepta lo que está sucediendo y permanece en la posición.

*Temor

La realidad dicta sus propias reglas y el comerciante comienza a darse cuenta de que no es tan inteligente como pensaba anteriormente. En lugar de tener confianza en el éxito, los pensamientos comienzan a confundirse.

*Depresión
El comerciante comienza a culparse a sí mismo por la estupidez, por qué no cerró el trato a tiempo.
Algunos eligen el camino correcto y comienzan a analizar qué salió mal.

Los verdaderos traders nacen en esta etapa, estudiando los errores cometidos en el pasado ​​y sacando los resultados.

A partir de ahí es cuando se ve quienes son los verdaderos traders y quien aprende de los errores.

SE TERMINA EL CICLO DE LAS EMOCIONES

Después de un tiempo sin seguir el mercado es cuando el comerciante empieza a remontar las inversiones que estaban mal parece que están un poco mejor y aparece una Esperanza.

Y a continuación un Alivio,el trader empieza a sentirse aliviado porque ha recuperado un poco la situación crítica, se siente mejor emocionalmente porque no pierde tanto y finalmente viene el Optimismo.

AQUÍ EMPIEZA OTRA VEZ EL CICLO…

Volvemos a empezar con el ciclo de las emociones, es como una montaña rusa que nunca para.

Así funcionan los mercados y la mayoría, en las inversiones en criptomonedas o en bolsa de acciones funciona así la primera vez que invertimos.

Today we are going to talk about the Psychology of Trading or Psychotrading which mean the same thing.
The CYCLE OF TRADING EMOTIONS

The most important points of financial market emotions are:

*Optimism
It starts with a positive attitude about the market situation, which leads the trader to open a trade. The trader expects to be successful in the future.

*Euphoria
This is the point of maximum financial risk. Investments turn into quick and easy profits. The trader completely ignores risk.

*Anxiety
Oh no, the market is changing! The first signs of movement not in the trader's favor appear. But he does not realize this and believes that the market will recover and the trend will continue.

*Denial
The expected market recovery did not occur. The trader does not accept what is happening and remains in the position.

*Fear
Reality dictates its own rules and the trader begins to realize that he is not as smart as he previously thought. Instead of being confident of success, thoughts start to become confused.

*Depression
The trader starts to blame himself for the stupidity, why he did not close the deal in time.
Some choose the right path and start to analyze what went wrong.

True traders are born at this stage, studying the mistakes made in the past and taking the results.

That is when you see who the real traders are and who learns from mistakes.

THE CYCLE OF EMOTIONS COMES TO AN END

After some time without following the market is when the trader starts to rebound the investments that were bad seem to be a little better and a Hope appears.

And then Relief, the trader begins to feel relieved because he has recovered a little from the critical situation, he feels better emotionally because he is not losing so much and finally comes Optimism.

HERE THE CYCLE STARTS AGAIN...

We start again with the cycle of emotions, it's like a roller coaster that never stops.

That's how markets work and most of them, in cryptocurrency or stock market investments it works like that the first time we invest.